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7-11 Church St 9,120 SF 100% Leased Office Building Gloversville, NY 12078 $373,725 CAD ($40.98 CAD/SF)
Executive Summary
Executive Office Investment Opportunity – Gloversville, NY
Well-maintained executive office building offering seven professional suites and solid, reliable income. The property has been consistently cared for and presents a clean, professional image ideal for long-term tenancy.
Currently producing steady in-place cash flow, this asset also offers clear upside potential. Rents are below market, creating an opportunity to increase net operating income (NOI) over time through strategic rent adjustments.
Located in the City of Gloversville, New York, the building benefits from a highly convenient setting with a city parking lot directly adjoining the property, an attractive feature for tenants and clients alike.
The ownership structure presents a unique opportunity. One professional owner will retain their 25% interest, while the remaining 75% ownership interest is being offered for sale. This allows an investor to step into a majority position in a stabilized, income-producing property with growth potential.
A strong addition to any commercial portfolio — stable today, with room to grow tomorrow.
Well-maintained executive office building offering seven professional suites and solid, reliable income. The property has been consistently cared for and presents a clean, professional image ideal for long-term tenancy.
Currently producing steady in-place cash flow, this asset also offers clear upside potential. Rents are below market, creating an opportunity to increase net operating income (NOI) over time through strategic rent adjustments.
Located in the City of Gloversville, New York, the building benefits from a highly convenient setting with a city parking lot directly adjoining the property, an attractive feature for tenants and clients alike.
The ownership structure presents a unique opportunity. One professional owner will retain their 25% interest, while the remaining 75% ownership interest is being offered for sale. This allows an investor to step into a majority position in a stabilized, income-producing property with growth potential.
A strong addition to any commercial portfolio — stable today, with room to grow tomorrow.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
9,120 SF
Building Class
C
Year Built
1920
Price
$373,725 CAD
Price Per SF
$40.98 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,560 SF
Building FAR
1.90
Lot Size
0.11 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Parking
20 Spaces (2.19 Spaces per 1,000 SF Leased)
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Walk Score®
Very Walkable (79)
Bike Score®
Very Bikeable (74)
Property Taxes
| Parcel Number | 170500-149-006-0005-002-000-0000 | Improvements Assessment | $115,621 CAD |
| Land Assessment | $11,631 CAD | Total Assessment | $127,252 CAD |
Property Taxes
Parcel Number
170500-149-006-0005-002-000-0000
Land Assessment
$11,631 CAD
Improvements Assessment
$115,621 CAD
Total Assessment
$127,252 CAD
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7-11 Church St
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